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About Tata Digital India Fund – IDCW – Direct Plan

Tata Digital India Fund – IDCW – Direct Plan is an equity mutual fund launched by Tata Asset Management Limited. The fund aims to provide long-term capital appreciation by investing at least 80% of its net assets in equity and equity-related instruments of companies operating in the Indian information technology sector. The fund is managed by Meeta Shetty and Arvindkumar Chetty.

Key Parameters

The key parameters of Tata Digital India Fund – IDCW – Direct Plan are:

1. Net Asset Value (NAV): As of April 9, 2023, the NAV of the fund is INR 35.81.
2. Assets Under Management (AUM): The fund had assets under management (AUM) worth INR 6765 Cr as of April, 2023, which is higher than the category average.
3. Expense Ratio: The fund has an expense ratio of 0.31%.

Taxation

Since Tata Digital India Fund – IDCW – Direct Plan is a mutual fund that invests in the technology sector, its taxation rules are as follows:

• Short-term capital gains, i.e profits earned from selling the fund’s holdings within one year of purchase, are taxed at a rate of 15%.
• Long-term capital gains, i.e profits earned from selling the fund’s holdings after one year of purchase, are taxed at a rate of 10% without the benefit of indexation.
• Dividends earned from the fund will be taxed at the applicable slab rate, and long-term gains up to INR 1 lakh are exempt from taxation.

Holdings

Tata Digital India Fund – IDCW – Direct Plan has invested its funds primarily in various sectors such as Cash Equivalent, Tech, Communication, Industrial, Consumer Cyclical, Financial Services, Health, Consumer Defensive, Utilities, Energy, and Real Estate. Among its top holdings are companies like Infosys Ltd, Tata Consultancy Services Ltd, HCL Technologies Ltd, LTIMindtree Ltd, and Bharti Airtel Ltd.

Returns

Since its inception, Tata Digital India Fund – IDCW – Direct Plan has provided a Compounded Annual Growth Rate (CAGR) return of 19.09%. However, over the past 1, 3, and 5 years, the fund’s CAGR return has been -16.21%, 42.12%, and 22.72% respectively.

Investment Objective of Tata Digital India Fund – IDCW – Direct Plan

Tata Digital India Fund – IDCW – Direct Plan aims to achieve long-term capital appreciation by investing a minimum of 80% of its net assets in equity/equity-related instruments of companies within the Indian information technology sector. While the fund has a specific investment objective, it is not guaranteed that it will achieve it, and returns are not a given.

Minimum Investment and Lockin Period

To invest in the Tata Digital India Fund Direct Payout of Income Distribution cum Capital Withdrawal through a lump sum payment, a minimum investment of INR 5000 is required. However, for a Systematic Investment Plan (SIP), there is no minimum investment requirement. The fund does not have a lock-in period, which means that investors can withdraw their funds whenever they wish to.

Tata Digital India Fund Information

Tata Digital India Fund is a mutual fund that invests in the technology sector in India. It is managed by Tata Asset Management Limited, a well-known fund house with a diverse range of investment offerings. As of February 28, 2023, Tata Asset Management Limited manages a total of 52 schemes with a total AUM of INR 99.3K Cr.